Waaree inks pact with Israeli company 3DBattery to develop advanced energy storage solutions

Waaree Technologies has signed an MoU with 3DBattery for cutting-edge lithium-ion and sodium-ion energy storage solutions that will transform the renewable energy storage.

Waaree Technologies Ltd. (WTL), the energy storage division of the renowned Waaree Group, a leading player in renewable energy and technology, has formally entered into a non-binding Memorandum of Understanding (MoU) with the Israeli firm 3DBattery. The primary objective of this collaboration is to jointly develop and produce advanced energy storage solutions, utilising 3DBattery’s cutting-edge lithium-ion technology and their upcoming sodium-ion technology. Prior to committing to a definitive agreement, both parties will conduct a thorough evaluation of the proposed collaboration.

3DBattery specialises in providing advanced lithium-ion battery cells featuring state-of-the-art chemistry that results in enhanced energy storage performance. The company offers a diverse range of cell chemistries tailored for various applications such as Electric Vehicles, Micro Mobility, Stationary, and Renewable Energy.

Waaree Technologies Ltd. envisions becoming the foremost “Cell to System” technology company in India, offering dependable, cost-effective, and high-quality energy storage solutions. The strategic alignment between Waaree’s robust manufacturing capabilities and 3DBattery’s innovative research and development strengths is poised to usher in a transformative era for the renewable energy storage sector. Through this collaborative effort, Waaree Technologies Ltd. will gain the capacity to domestically manufacture high-performance, rechargeable energy storage solutions, thereby significantly fortifying the company’s standing in the realms of both Indian and global new energy domains.

Commenting on the partnership Kirit Doshi, Chairman & Managing Director, of the Company said,“We are excited to welcome 3DBattery on board as a partner. Their immense R&D capabilities, coupled with Waaree’s capabilities in manufacturing new energy solutions, will certainly pave the way for a paradigm shift in energy storage. Leveraging 3DBattery’s path-breaking lithium-ion and sodium-ion battery technology will enable us to build capacities for 5GWh of battery cell production. Given the growing awareness of the need to diversify supply chains and reduce dependency on a single source, our ability to produce the first fully Indian-manufactured next-generation battery system assumes a special significance.  Through this partnership, Waaree will be equipped with the capability to serve every segment of the energy storage market, and to become a driving force in the global clean energy transition.”

Through collaborations with global players in the renewable and new energy storage space, Waaree Technologies Ltd. reinforces its commitment to manufacturing, and driving the adoption of, new-age technologies that will reshape the world’s energy landscape and pave the path towards Net-Zero.